Advertisment

CDB in Sri Lanka on Intellect CBS

author-image
Preeti
New Update

SRI LANKA: Citizens Development Business Finance PLC (CDB), a Non-Banking Financial Institution in Sri Lanka, has gone live with Polaris' Intellect Core Banking Solution (CBS).

Advertisment

As an announcement tells, Intellect's CBS implementation in Sri Lanka is designed to handle non-banking finance solutions, facilitates the future growth plans of CDB in terms of business scaling, product depth and meeting the ever evolving customer expectations. It adds that Polaris' highly scalable core banking solution for emerging markets has paved the way for CDB to have a competitive edge over competitors, which is essential for steady business growth.

Intellect CBS enables CDB to increase its efficiency, performance, security and transparency of its day-to-day operations allowing its customers to enjoy a higher level of service. The Intellect software has facilitated smooth integration with other systems and has provided a platform for ensuring risk control through its various processes and controls.

Imdaad Naguib, AGM IT, CDB said, "The rollout of the new integrated Core Banking platform has created the technological framework to cater to all requirements of CDB as we rapidly expand our geographic presence and provide 24/7 access via ATM/POS and online payment gateways. Polaris' domain experience in Core Banking implementation and Intellect's rich functionality and scalability, robust technology and open architecture makes Polaris's solution a true business enabler. Intellect CBS will enable us to transform into a complete financial services provider, supporting our ambitious plans to diversify and expand operations in the future."

K Srinivasan, Partner & Head, Indian Subcontinent, Middle East, and Africa (IMEA), Polaris Financial Technology Ltd said, "With this implementation we hope to continue being CDB's one-stop shop for all its business needs, meeting its future requirements for all operations and lines of businesses. The implementation in CDB reiterates the rapidly growing acceptance of Intellect, opening up a huge potential market for Polaris in the country."

Faiq Faaiz, Executive Vice President, MillenniumIT said, "Working with CDB on this project was both a good experience and a great pleasure. From the initiation of this project, the CDB team was clearly focused on the end result and throughout the implementation process maintained a high level of professionalism, which helped form a good synergy between our teams."

tech-news